EARNINGS PER SHARE ("EPS")

6 Months Ended

Dec. 31, 2021

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")

10. EARNINGS PER SHARE (“EPS”)

Basic earnings per common share were computed using the weighted average number of shares of common stock outstanding during the period, considering the effect of participating securities. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the computation of earnings per share pursuant to the two-class method. Our unvested restricted stock awards contain non-forfeitable dividend rights and participate equally with common stock with respect to dividends issued or declared. Our unexercised stock options, unexercised SSARs and unvested performance stock do not contain rights to dividends. Under the two-class method, the earnings used to determine basic earnings per common share are reduced by an amount allocated to participating securities. Use of the two-class method has an immaterial impact on the calculation of basic and diluted earnings per common share.

The following table summarizes the effects of dilutive securities on diluted EPS for the period (amounts in thousands, except share data):

	Six Months Ended		Fiscal Years Ended
	December 31,		June 30,		June 30,		June 30,
	2021		2021		2020		2019
Net income attributable to Royal Gold common stockholders	$	138,339	$	302,532	$	199,343	$	93,825
Weighted-average shares for basic EPS		65,560,468		65,546,400		65,523,024		65,394,627
Effect of other dilutive securities		64,099		81,191		120,366		110,908
Weighted-average shares for diluted EPS		65,624,567		65,627,591		65,643,390		65,505,535
Basic EPS	$	2.11	$	4.61	$	3.04	$	1.43
Diluted EPS	$	2.10	$	4.60	$	3.03	$	1.43